NBA LEASE SUMMARIESNba Lease • July 29th, 2013
Contract Type FiledJuly 29th, 2013$7 million for the land. The Phoenix Suns contributed $55 million. The city has a 30-year commitment from the Suns to repay a portion of the contribution at $500,000 per year, with an annual 3% increase. The city will also receive 40% of revenue from luxury boxes and advertising.